UPDATE: Tax Credits Are Now in Play for Both New and Used EVs

UPDATE 4/21/23: After this story initially posted April 18, Volkswagen announced it has earned the full IRA $7500 tax credit for ID.4 EVs sold after Jan. 1 this year. Due to a paperwork snafu, the ID.4 was initially left off the list of eligible vehicles. The update is reflected now on the EPA's list and in the story below.

• The EPA released its list of eligible battery-electrics, plug-in hybrids, and fuel-cell vehicles on Monday, just before the April 18 tax deadline.

• As of today, certain new vehicles such as the 2023 Jeep Grand Cherokee Trailhawk 4xe and 2023 Jeep Wrangler Rubicon 4xe (above) are eligible for federal tax credits of $3750 or $7500.

• Used battery-electric and plug-in hybrids also qualify for credits, up to $4000. That’s kind of a big deal, representing an additional incentive that could pull in more first-time EV and PHEV buyers.

It’s official. The 2023-24 Cadillac Lyriq is eligible for the Inflation Reduction Act’s $7500 federal tax credit, so long as you keep the manufacturer’s suggested list price bottom line under $80,000 (not including destination charge).

But the EPA has placed the Chevrolet Bolt EUV in the “passenger car” category, so it’s eligible for the full tax credit at a max MSRP of $55,000.

The model year 2022-23 Ford Mustang Mach-E are SUVs in the federal government’s eyes, but the tax credit is limited to $3750 all the way up to an MSRP of $80,000 (for standard and extended-range battery models).

The EPA released its list of full-electrics, plug-in hybrids, and fuel-cell vehicles on Monday, just before the April 18 tax deadline. Its list of new EVs, PHEVs, and FCVs purchased before 2023 is ridiculously long and detailed.

Please visit fueleconomy.gov to find your new electrified vehicle that was in the garage prior to April 18, to see if it qualifies and for how much.

New EVs, PHEVs, and FCVs purchased in 2023 and placed in service on or after April 18, 2023: